USD/JPY loses before mark of 114 Momentum

FXStreet After a decline on investments in securities total 113.25 for the opening of the New York trade climbed the currency pair USD/JPY in positive territory – the initial selling pressure around the Greenback had somewhat subsided. The US dollar was quoted recently at 113,57 and to 0.16 per cent in the Plus.

According to the Barometer of CME FedWatch, the courses to signal to the futures markets on Monday, investors estimate the probability of a rate rise in June to around 70 percent. Blame for the relapse of the expectations of the least disappointing precipitated economic data were in the Form of retail sales and consumer prices. In addition, it was for the Empire State Index for the U.S. state of New York for the current month, surprisingly below the zero line, signaling for the first time since the US presidential election in November, a contraction. Both of these developments weigh on the US Dollar Index on Monday. However, rising US were able to limit yields the losses around the Greenback. The DXY have lost 0.3 percent and traded on 98,76 points.

For a little back wind, the higher risk appetite of market participants provided in addition to the international financial markets. A solid Performance of Oil prices and stock markets caused a decline in demand for safe havens like the JPY.

Technical Outlook

The next Resistances lie at 114,00 (psychological mark), 114,60 (High 02. March) 115,20 (High 09. March). Supports are at 113,00 (psychological mark), 112,35 (100-day line) and 111,95 (Deep 03. To find may).

** FXStreet News Editorial, FXStreet**

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